Orlando Real Estate
Buying or Selling Orlando Real Estate?
If you're planning to buy or sell a home in Orlando - Orlando realtors experience can be your asset! Why not let a team of Orlando real estate professionals serve your Orlando real estate needs?
"Orlando Realtors® takes great pride in meeting your Greater Orlando real estate needs. Many of past clients refer their friends and relatives to these realtors when they're ready to become homeowners in the Greater Orlando area".
If you're currently looking for a home please have a look at Orlando Realtor® websites here. Our use the Orlando MLS search tools you'll find here, If you don't see what your looking for here, contact a Orlando realtor® and they will search the entire Orlando real estate market to meet your needs! Or submit a Orlando MLS listings by email form and they'll email you every new home that meets your criteria.
Central Florida and the greater Orlando area is full of real estate options from historuic plantations to high rise condos and townhouses in the suburbs, 5 bedroom colonial homes, multifamily duplexes and apartment buildings to commercial property.
If your interested in downtown Orlando, or any of the other local communities in the greater Orlando area, please use the real estate resources you'll find on Sunny Orlando Real Estate .com to aid in your home search or the Orlando mortgage process.
Orlando Homes For Sale
Orlando homes for sale are available in Orlando and all suburban Orlando communities, including: Apopka, Christmas, Gotha, Maitland, Mount Dora, Oakland, Ocoee, Orlando, Tangerine, Windermere, Winter Garden, Winter Park, Zellwood, Altoona, Astatula, Astor, Cassia, Clermont, Deland, Eustis, Fruitland Park, Grand Island, Groveland, Howey in the Hills, Lady Lake, Lake Jem, Lake Kathryn, Leesburg, Mascotte, Minniola, Monteverde, Mt. Dora, Mt. Plymouth, Paisley, Pine Lakes, Sorrento, Tavares, The Villages, Umatilla, Winter Garden, Yalaha, Altamonte Springs, Apopka, Casselberry, Chuluota, Fern Park, Geneva, Heathrow, Lake Mary, Maitland, Oviedo, Sanford, Winter Park, Winter Springs, Longwood.
Orlando Florida Condos For Sale
Search Orlando Florida condos for sale, real estate and Orlando area homes for sale using our Orlando Florida MLS search and visiting the following pages dedicated to each of the greater Orlando counties we serve: Orange county Florida real estate, Lake county Florida real estate, Seminole county Florida real estate and Volusia county Florida real estate.
Orlando Relocation
If your planning on relocating to Orlando Florida greater Orlando realtors® are prepared to offer you all the local county information and relocation assistance you'll need. Whether you're relocation is from as close as Georgia or North Carolina, or you're relocating to Orlando Florida from as far away as California you'll find the Orlando community welcoming and second to none!
Orlando Homes & Garden News
Biggest price cut of the day

165 East Sunrise Avenue
The South Florida home to see the biggest price cut today is a six-bedroom, four-bathroom house at 165 East Sunrise Avenue in Coral Gables, according to data from Condo Vultures Realty. The $1.839 million Miami-Dade County home saw a $356,000, or 16 percent, price cut. It was originally listed for $2.195 million when it hit the market in January. The short sale property sits on a 12,800-square-foot lot in the gated Sunrise Harbor community and has terrace, pool and wet bar. Orlando Montiel of Ioxus Realty has the listing. (Condo Vultures data includes condos and single-family home listings in the main metropolitan areas of Miami, Fort Lauderdale, West Palm Beach and Key West that are priced at $1 million and above, and that include photographs. Listings are taken from the South Florida MLS.) TRD


Flagstone seeks to stretch Watson Island deal
The latest turn in the long-running development saga on city-owned
Watson Island would grant aspiring Island Gardens developer Mehmet Bayraktar and his Flagstone Property Group
another three years to start building its hotel and luxury marina
complex in exchange for $1.5 million to secure the rights. Flagstone
has proposed that the payment eventually get credited as construction
rent once the project gets underway, a move that irked Miami City
Commissioner Frank Carollo. According to Carollo, that essentially gives the
developer a free three-year extension on a project that so far has
failed to get off the ground. Flagstone would pay $1 million in annual
construction rent under its proposed arrangement. [Miami Today]


In early days of mandatory mediation, brokers optimistic
Government programs have been created to assist distressed homeowners, but at little over month after the Florida Supreme Court ordered required mediation on all homesteaded foreclosures, it remains unclear how much help the latest move offers South Floridians.
The Dec. 28 court decision sounded like a measure of real relief, but for homeowners seeking short sales, it hasn’t made much of an impact, said Fort Lauderdale real estate attorney and foreclosure mediator Shari Olefson. Still, she thinks mediation could start to help distressed homeowners, including those who want a short sale.
In concert with some key federal programs, Olefson is optimistic that a once intractable quagmire of regional mortgage woes could improve. In the alphabet soup of a crisis, she points to a pair of federal programs, Home Affordable Foreclosure Alternatives Program and the Home Owner Affordable Modification Program, which could break up the logjam of missed payments and foreclosure proceedings that have jammed courts throughout the state.


Auction set for foreclosure portfolio
A three-building bundle of Fort Lauderdale commercial and residential
property, whose owner recently lost a $4.3 million foreclosure suit, is heading to the auction block Feb. 23. The properties are as follows: A 15,204-square-foot
professional services building at 1212 E. Broward Boulevard, purchased for
$2.5 million in 2006; a 2,726-square-foot office building at 105 N.E.
Third Street, bought for $1.1 million in 2005; and a 1,337-square-foot
residential property, at 442 N.E. First Avenue, bought for $285,000 in
2004. Lender 1st National Bank of South
Florida, based in Homestead, foreclosed on the properties, owned by
Glenn Wright
Construction & Development affiliates GW 120 LLC, GW 1212 LLC, Blair
International and managing
member Glenn Wright, in a suit tried in Broward County Circuit
Court. Wright's company also lost foreclosure suits
filed by National City Bank and JPMorgan Chase in November and December. [SFBJ]


West Palm Valentine: 1515 Flagler implosion
Valentine's Day will gladden the hearts of even the loneliest West
Palm Beach residents when the longstanding skyline eyesore at 1515
Flagler Drive, a 30-story, hurricane damaged, uninhabited condo tower,
is destroyed. Advanced Explosive Demolition of St. Maries, Idaho will
handle the job, which will be the third-tallest building in the United
States to be destroyed by a controlled implosion, according to Eric
Kelly, the company president. The 1974 tower was ravaged by two
hurricanes in 2004 and its residents were permanently removed. A slew
of legal and financial issues over the building and the site have
delayed the demo job, but all regulatory approvals are now in place and
the work will proceed at 9 a.m. on Feb. 14. The destruction is expected to take
6.5 seconds, and inspired Palm Beach resident Cathleen McFarlane Ross,
73, to host a benefit party for friends, who can watch implosion
across the Intracoastal Waterway from her Palm Beach mansion on Worth
Avenue. She plans to serve Bloody Marys and request a minimum $25
donation to help Haiti.
[Palm Beach Post] and [Palm Beach Post]


Two-timing distressed funds
From the New York February issue: This much we know: There's billions of dollars on the sidelines waiting to buy distressed real estate. But don't be fooled: There's also plenty of double-counting going on. Adelaide Polsinelli, for example, has been fielding countless calls from distressed real estate fund managers and vulture investors lately, all looking for New York commercial real estate at rock-bottom prices. But with sellers still unwilling to part with their properties at deep discounts, investors are getting restless. Polsinelli, a broker and associate vice president of investments at Marcus & Millichap Investment Services, said: "Investors are jumping from fund to fund in the hopes that someone is actually doing deals." She said they're frequently committing the same money to each of those distressed funds. In turn, those funds are going out into the marketplace touting that cash. "I wouldn't be surprised if there were double-counting going on," said Lawrence Lenzner, a partner at Patterson Belknap Webb & Tyler, who represents funds and property owners. [more]


Developer inks big government lease for Miramar complex
Rockefeller Group Development, a New York-based real estate investment
firm, has secured one of the safest, most stable tenants around for its new Miramar mixed-use complex: the federal
government. The group recently signed the General Services
Administration to a 15,000-square-foot lease for the entire fourth floor at its Miramar Town
Center, which broke ground in April 2006 and currently has 77,000 square feet of retail and 45,000 square feet of office space. When completed, it will have 146,000 square feet for retail and restaurants, 50,000 square feet of office space, and 500 residential units. About 70 workers with the U.S. Customs and Border Protection,
a division of the Department of Homeland Security, will be based in
the mixed-use development, which is a joint venture between
Rockefeller and Kimco Realty, another New York developer. "These days, there aren't a lot of tenants with good credit and the government's credit, obviously, is reliable," said Edgar
Jones, vice president and regional development officer with RockGroup
in Miami. Rockefeller also developed a Veterans
Administration clinic this year in Oceanside, Calif., he said. [GlobeSt]


Zell: Reports of commercial real estate's demise are exaggerated

Click on the image to watch Sam Zell on CBS 2's "Monsters and Money in the Morning"
Sam Zell sat down with the hosts of CBS 2’s “Monsters and Money in the Morning” program in Chicago on Friday, and much to the dismay of Cubs fans and followers of the Chicago Tribune’s financial woes, he talked mostly about real estate. “There’s only one metric that matters in real estate,” Zell said, “and that’s supply and demand. When asked whether the commercial real estate market is really as dire as many are saying, Zell cited Mark Twain’s famous saying: “The reports of my demise are greatly exaggerated,” he said. Click here to watch the video.


Related drags on deposit suits
Miami-Dade Circuit Judge Peter Adrien has joined the numerous voices berating
the Related Group for its slow progress in settling litigation over
condominium deposits for buyers who want to exit their deals. Related is a party to more than 1,000 suits over condo purchases in the wake of the
condominium market implosion; federal law requires that buyers in
condo developments of at least 100 units are entitled to a return of
any money over 15 percent of the purchase price. Judge Adrien said Related
had ignored his decree to provide such refunds to buyers at the 1,796
Icon Brickell complex in Miami. Lee County Circuit Court Judge Lynn
Gerald also cited the developer’s slow pace in rectifying similar
issues in developments there. Both judges issued orders to comply with
the law; Betsy McCoy, vice president and associate general counsel for
the Related Group, said she was deeply offended by the judges’ orders
and claimed the refund problems are isolated cases. [GlobeSt]


Judge says Everglades on the Bay owners can keep renting and selling units ... and more
1. Everglades on the Bay owners can keep renting and selling units, bankruptcy judge rules [Miami Herald]
2. Madoff NYC penthouse buyer was Al Kahn of Pokemon and Cabbage Patch Kids fame [NY Post]
3. John Thain, ex-Merrill CEO, named new chief at CIT Group [AP via NYT]
4. Goldman CEO Blankfein receives $9M restricted stock bonus for 2009 [AP via Crain's]
5. Mortgage Bankers Association of NY to host panel on bankruptcy for commercial real estate lenders [Paramus Post]


Biggest price cut of the day

3914 Island Estates Drive
The South Florida home to see the biggest price cut today is a five-bedroom, seven-bathroom house at 3914 Island Estates Drive in Aventura, according to data from Condo Vultures Realty. The $5 million Miami-Dade County home saw a $500,000, or 9 percent, price cut. It was originally listed for $5.5 million when it hit the market in December. The waterfront home sits on a 24,711-square-foot lot on a private, guarded island and has a heated pool and spa overlooking the bay. John Gonell of Prudential Florida Realty has the listing. (Condo Vultures data includes condos and single-family home listings in the main metropolitan areas of Miami, Fort Lauderdale, West Palm Beach and Key West that are priced at $1 million and above, and that include photographs. Listings are taken from the South Florida MLS.) TRD


Court report: foreclosure on the rise
Florida again notched one of the highest foreclosure totals in the
nation in 2009, according to a report by the Florida's Supreme Court.
Almost 400,000 foreclosures were filed in 2009, including nearly
113,000 in Broward and Miami-Dade, though numbers leveled off slightly
in Palm Beach County. In percentage terms, foreclosures in Miami-Dade
rose 13.2 percent, to 63,522 in 2009 from 56,100 in 2008. Broward
County’s rate climbed 8 percent, to 49,640 from 45,923. Palm Beach
County had a smaller increase of 3 percent, to 30,304 from 29,411.
Supreme Court Chief Justice Peggy Quince reminded the public of her
Dec. 29 order requiring each circuit court to start a managed
mediation program for all newly filed Florida foreclosure cases
involving homestead property, which the judge called an attempt to
address the avalanche of court cases resulting from the statewide
foreclosure crisis. [Miami Herald] and [SFBJ]


Hollywood warehouse portfolio sells for $1.8 million
A Hollywood-based corporation has sold off a 12-warehouse portfolio,
dispatching the properties, which sit on seven separate parcels of
land north of Pembroke Road and east of State Road 7 in Hollywood, for
$1.8 million. Brokerage Marcus & Millichap Real Estate Investment
Services, handled the transaction, in which the buyer, a Coconut
Grove-based corporation, paid $41 a square foot. The entire portfolio
comprises 44,000 rentable square feet among 64 units. At the time of
the transaction, it was 90 percent occupied, according to the
brokerage. TRD


Foreclosure stats for the week
As of today, the number of foreclosures in South Florida year-to-date is 7,606 according to data from Condo Vultures Realty. For this week alone, there were 1,843 foreclosures in the tri-county region. The graph below shows foreclosure
activity in South Florida's three counties. TRD

Condo Vultures Realty compiles foreclosure data using information collected from the respective county clerk of the court by a third-party service. The reported time period is adjusted to reflect the comparable week from the previous year. The year-to-date number reflects the cumulative total of foreclosure filings for the year, as of the week noted.


International briefs

The United Nations building in New York City
From the New York February issue: Dubai has an idea to help fill its vast amount of empty office space: the United Nations. Although it may be a long shot, officials from the United Arab Emirates are making the case that the UN should consider moving its headquarters out of New York City and to Dubai, according to a Bloomberg News report. Meanwhile, the United Kingdom's housing market showed signs of lost momentum toward the end of 2009, dashing hopes that the market was headed toward long-term residential recovery and Chinese officials are reportedly considering a property tax to thwart a possible housing bubble. [more]

